The US budget deficit fell to $21.93 billion in January 2024 from $129 billion in December. This comes from a report from the US Treasury Department. “Kommersant”.
In January, the country’s public expenditures increased by 2.7 percent on an annual basis, reaching 499.25 billion dollars. In January, the highest expenditure was allocated to social security with 121 billion dollars, and 60 billion dollars was allocated to defense.
February 8, head of analytical department of BKF bank Maxim Osadchiy statedThe USA needs to tighten its belt to get out of the debt spiral.
February 3, New York Times WroteThe U.S. economy is growing faster than European countries, he says, and the reason for this is “a combination of luck and sanity.”
Before that Bloomberg reportedThe United States will soon have to spend more on interest payments on its $34 trillion national debt than on national defense.
Previously reportedHe said the United States could restructure its national debt.